You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Wealthspire announced the elevation of nine executives to its leadership team following its formation as a unified registered investment advisor, backed by Madison Dearborn Partners. The new leadership team was announced by Mike LaMena, previously named CEO and the head of the original RIA Wealthspire, and Carl Nelson, the new president, who was the former executive vice president of mergers & a ...

Core Insights - Lazard is intensifying its focus on the Financial Advisory segment, which represented nearly 58% of total operating revenues as of September 30, 2025 [1][11] - The firm is expanding its advisory capabilities through targeted senior hiring, new specialized services, and a greater emphasis on high-growth verticals such as Private Capital Advisory [1][3] Financial Advisory Expansion - Lazard plans to add 10-15 net new managing directors (MDs) to its Financial Advisory division each year while maintaining high standards of excellence [2] - Average revenues per MD reached $8.6 million in 2024, climbing to nearly $9 million per MD since then, with a target to surpass $10 million by 2028 [2] Private Capital Advisory - The firm is deepening its connectivity to private capital markets, aiming for private-capital-related activity to account for 50% of total advisory revenues [3] Geographic Expansion - Lazard is broadening its global footprint by adding new offices and expanding its presence in key growth regions, including Europe and the Middle East [4] - This enhanced geographic reach allows access to a wider and more diversified client base, strengthening sector coverage [4] Technology and Productivity - The company is investing in proprietary AI tools, including LazardGPT, to deepen client insights and streamline internal processes [4] - By scaling its MD base and deploying advanced AI tools, Lazard is positioning itself for sustained growth and improved profitability into 2030 [5] Competitive Landscape - Lazard's peers, T. Rowe Price and Federated Hermes, are also strengthening their advisory businesses, with T. Rowe Price's investment advisory revenue constituting 77% of net revenues as of September 30, 2025 [6][7] - Federated Hermes' net investment advisory fees comprised 67.2% of total revenues, supported by a large AUM base and diversified investment strategies [8] Performance Metrics - In the past six months, Lazard shares have gained 24.6%, contrasting with the industry's decline of 3% [9]

Core Insights - The push for registered investment advisors (RIAs) to provide clients access to private market investments may enhance firm value during sales or mergers, beyond just diversification and yield [1] Group 1: Market Trends - The $16 billion RIA, Sanctuary Wealth, has embraced private market investing, leading to benefits in client lead generation, retention, and overall firm value [2] - The growth of underlying assets due to market appreciation from private market investments could increase firm multiples from approximately 2.5x to 3x over a 10-year period [3] - Macro factors such as a shrinking pool of public companies and stock market concentration are driving interest in private markets, alongside strong returns from private equity [4] Group 2: Wealth Transfer Dynamics - A significant $100 trillion wealth transfer between generations is influencing client retention and growth for RIAs, with younger generations favoring private market options over traditional investments [4][5] - Approximately $20 trillion of the wealth transfer is tied to real estate holdings, highlighting the need for advisors to be knowledgeable in managing private real estate investments and tax strategies [5] Group 3: Tax Strategies - Advisors must be well-versed in real estate tax strategies, such as 1031 exchanges and 721 exchanges, to effectively manage client assets and capitalize on wealth transfer opportunities [6] - Failing to focus on private markets and relevant tax strategies could result in losing 20% to 50% of assets during generational wealth transfers, while adopting these strategies may enhance business performance and firm valuation [7]

Core Insights - Summit Financial has made a minority-interest investment in Ivy Wealth Management, adding over $500 million in client assets and enhancing its presence in the Northeast [1][2][7] - Ivy Wealth Management, founded by Brad Ingegneri in 2010, focuses on high-net-worth families and business owners, emphasizing a client-first philosophy and community engagement [2][7] Investment Strategy - Summit Financial's strategy involves expanding through minority-stake purchases in independent advisory firms, allowing selling firms to retain control while accessing resources for growth [4][7] - The recent investment marks Summit's 14th partnership transaction of 2025, contributing to its management of over $25 billion in client assets [4][7] Leadership Commentary - Summit's CEO Stan Gregor highlighted the importance of partnerships for growth and community strengthening, praising Ivy's commitment to client service and market navigation [3] - Ivy's President Brad Ingegneri expressed that the partnership will enhance their client-first service through improved resources and technology [3] Company Background - Summit Financial is a prominent investment advisory firm with over 40 years of experience, dedicated to helping advisors grow their businesses while maintaining independence [6][9] - The firm has been recognized as a top RIA firm by Forbes and Barron's, reflecting its commitment to exceptional financial planning and service [10]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Credent Wealth Management, a $4 billion registered investment advisor headquartered in Auburn, Ind., has sold a minority stake to Crestline Investors, an alternative investment manager and lender. The move from Fort Worth, Texas-based Crestline adds to $50 million in debt financing it made in July 2024 to Credent. That financing helped the RIA nearly double its assets under management.  Cr ...

Core Viewpoint - Guangzhou has introduced measures to promote AI investment advisory services, aiming to enhance the financial technology sector and establish itself as a leading city in investment advisory services in China [2]. Group 1: Policy and Regulatory Support - The first measure focuses on seeking support from higher regulatory authorities for the development of AI investment advisory services, advocating for a prudent regulatory framework suitable for AI applications [3]. - The second measure aims to establish an information-sharing mechanism for AI investment advisory development, involving various financial regulatory bodies to support the growth of AI advisory services [3]. - The third measure emphasizes the supply of data elements for the investment advisory industry, encouraging collaboration among financial institutions and data service providers to enhance data availability and standards [3]. Group 2: Industry Development and Infrastructure - The fourth measure encourages investment in AI advisory-related industries, promoting market-oriented funds to support AI and investment advisory integration [4]. - The fifth measure highlights the importance of building a secure and reliable computing power center for AI investment advisory, aiming to create a computing hub in the Guangdong-Hong Kong-Macao Greater Bay Area [5]. Group 3: Talent Development and Standards - The sixth measure focuses on establishing a standard system for AI investment advisory services, promoting research on service norms and algorithm transparency [6]. - The seventh measure supports the cultivation of AI talent through collaboration between financial institutions and educational entities, aiming to develop professionals skilled in both finance and AI [7]. Group 4: Risk Management and Industry Environment - The eighth measure emphasizes the importance of risk prevention in AI investment advisory services, encouraging collaboration between local and foreign advisory firms [8]. - The ninth measure aims to create a favorable environment for AI investment advisory development through various industry activities and public education initiatives [9]. - The tenth measure stresses the need for strict risk management practices, ensuring financial institutions are accountable for their use of AI in advisory services [9].

Core Insights - The article discusses the author's transition from a potential career in politics to value investing, emphasizing a long-term investment strategy and risk management [1] - The author highlights their experience in sales and investment advisory roles, which contributed to their understanding of public companies and investment opportunities [1] Group 1: Career Transition - The author initially pursued a career in politics but shifted to value investing after facing challenges in that field [1] - The decision to focus on value investing was driven by the desire to make money work effectively and to mitigate financial setbacks [1] Group 2: Professional Experience - From 2020 to 2022, the author worked in a sales role at a law firm, where they became the top-grossing salesman and managed a team [1] - The experience in sales helped the author develop insights into assessing a company's prospects based on its sales strategy [1] - In 2022, the author transitioned to an investment advisory role with Fidelity, focusing on 401K planning, but found the approach misaligned with their value investing philosophy [1] Group 3: Current Endeavors - The author began writing for Seeking Alpha in November 2023 to share investment opportunities discovered through personal research and experience [1] - The articles serve as a platform for the author to communicate investment strategies and insights to readers [1]

Core Insights - The article discusses the author's transition from a potential career in politics to a focus on value investing, emphasizing the importance of risk management and long-term wealth growth [1] Group 1: Career Transition - The author initially pursued a career in politics but shifted to finance after facing challenges in 2019, recognizing the need for financial stability [1] - A sales role at a law firm from 2020 to 2022 allowed the author to excel and build knowledge about public companies through extensive reading [1] - The experience at Fidelity from 2022 to 2023 highlighted a conflict between the author's value investing approach and the company's reliance on modern portfolio theory [1] Group 2: Investment Philosophy - The author emphasizes a value investing strategy, focusing on an owner's mindset and a long-term investment horizon [1] - The author expresses enthusiasm for products that have strong sales potential, indicating a preference for companies with self-selling products [1] - Writing for Seeking Alpha serves as a platform for the author to share investment opportunities discovered through personal research and experience [1]

Core Insights - The article discusses the author's transition from a potential career in politics to a focus on value investing, emphasizing the importance of risk management and long-term wealth growth [1] Group 1: Career Transition - The author initially pursued a career in politics but shifted to finance after facing challenges in 2019, recognizing the need for financial stability [1] - The decision to study value investing was driven by the desire to make money work effectively and to safeguard against future setbacks [1] Group 2: Professional Experience - From 2020 to 2022, the author worked in a sales role at a law firm, where they became the top-grossing salesman and managed a team, contributing to sales strategy [1] - The experience gained during this period was instrumental in assessing company prospects based on their sales strategies [1] Group 3: Investment Advisory Role - Between 2022 and 2023, the author served as an investment advisory representative with Fidelity, focusing on 401K planning [1] - Despite excelling in this role and passing Series exams ahead of schedule, the author felt constrained by Fidelity's reliance on modern portfolio theory, leading to a decision to leave after one year [1] Group 4: Current Endeavors - The author began writing for Seeking Alpha in November 2023, using this platform to share investment opportunities discovered through personal research and experience [1] - The articles serve as a means for the author to document and share the investment journey with readers [1]

由中国经济信息社主办，广州市委金融委员会办公室、新华社广东分社支持的"2025广州投资顾问大会 暨财富管理转型发展会议"，于11月26日-27日在广州南沙隆重举行。 广州市副市长赖志鸿在致辞中表示，作为国家中心城市和粤港澳大湾区核心引擎城市，广州凭借得天独 厚的区位优势，形成了多元化的金融生态体系，居民财富积累持续提升。截至目前，广州金融业总资产 规模突破13万亿元，存贷款余额超18.5万亿元，境内外上市公司达241家，高净值家庭约7万户，位居全 国前列。与此同时，广州还具有坚实的产业基础，人工智能、生物医药、新能源汽车、高端装备制造等 战略性新兴产业加速崛起，更为投顾业态发展提供了丰富的应用场景。 赖志鸿表示，近年来，广州深入贯彻落实中央金融工作会议精神，在证监会《关于资本市场做好金 融"五篇大文章"的实施意见》和"南沙金融30条"等政策指引下，锚定"全国投顾第一城"建设目标，持续 提升金融服务实体经济质效。 在生态构建方面，广州持续深化与晨星中国、嘉信理财、万得基金等头部投顾机构的战略合作，首次在 广州金交会设立投顾展区；积极推动投顾课程进高校，不断壮大业界新力军。 （文章来源：新华财经） 据介绍，在政策 ...